Our Finance Group summarizes the Securities and Exchange Commission’s finalized Rule 192 that prohibits conflicts of interest among participants in asset-backed securitizations.
- The Dodd–Frank Act prohibits conflicts of interest, but the response to SEC’s original 2011 rules was so negative the SEC tabled them
- The new final rule addressed several industry recommendations and concerns
- The rule became effective February 5, 2024, and compliance is required beginning June 9, 2025